A minimum wage law might increase wages without reducing employment if the hiring firm is
a. in perfect competition.
b. a monopolist.
c. a monopolistic competitor.
d. a monopsonist.
d
You might also like to view...
Assume the M2 multiplier is 3, and the reserve ratio is 10%. If the central bank sells $100 million in government securities to banks, banking system reserves will:
a. Fall by $10 million. b. Rise by $10 million. c. Not change. d. Rise by $300 million. e. Fall by $100 million.
Which of the following argued against the Washington Consensus?
a. Dabrowski b. Kuznets c. Gerschenkron d. Stiglitz e. All of the above
Refer to Table 3.1. This market will be in equilibrium if the price per pizza is Group of answer choices
A. $15. B. $12. C. $6. D. $9.
Moving along which curve does the money wage rate and the price level change in the same proportions?
What will be an ideal response?